Your Agency for Quality Real Estate in Cyprus - Specialists for Property in Paphos and Limassol

Newsletter December 2017: FITZGERALD’S IS EXPANDING!

From this well designed and informative website we are able to showcase some of the ‘real gems’ available in Cyprus, where beautiful homes, fit for the cover of a glossy magazine cover, are displayed with a touch of class.

Once again our dynamic IT team have excelled themselves from the photography to the floor plans, custom made videos to the inviting and accurate descriptions – everything you need to attract a discerning Buyer ensuring you achieve a top price.

Our high ranking on leading search engines ensures maximum exposure for your property whether on our market leading website or our new boutique offering.

No matter what property you have Fitzgerald’s offers excellent quality, with full title deeds at realistic market prices.

MORE GOOD NEWS FOR CYPRUS CONFIDENCE STRENGTHENS IN OUR BEAUTIFUL ISLAND

The Cypriot economy expanded in the first and second quarter of 2017 an annual 3.8% and 4% respectively which Cystat subsequently revised in both cases to 3.6 % cent. The finance ministry revised its previous economic growth forecast to 3.5 or more this year from a previous 3 % cent

The slow but continued recovery in the property sector was further evidenced by House prices rising in the second quarter an annual 0.4 % and a quarterly 0.1 %, the Central Bank confirmed. It was the first time in seven years that house prices rose in a quarter compared to the year before.

Apartment prices rose in all districts but Paphos, where they fell 3.2 % cent in the second quarter compared to April to June last year. In Limassol, they rose 6.1 %, in Nicosia 2.7 %, in Famagusta 2.3 % and in Larnaca 0.9 %. Compared to January to March, flat prices increased in the second quarter 2.3 % in Nicosia, 2.2 % in Limassol, 2 % in Famagusta and fell 1.1 % and 1 % in Larnaca and Paphos.

House prices increased 2.2 % in Paphos in April to June compared with the same period in 2016, 1.1 % in Limassol and fell 2.3 % in Larnaca and 0.1 % in both Nicosia and Famagusta, the Central Bank said. In the second quarter, they increased a quarterly 2.6 % in Paphos and 0.1 % in Larnaca, remained stable in Limassol and Famagusta and fell 0.7 % in Nicosia.